Life Time Group Holdings, Inc. $LTH Stake Lessened by State of Wyoming

Key Points

• The State of Wyoming reduced its stake in Life Time Group Holdings, Inc. by 55.1% during the first quarter, leaving it with 8,116 shares valued at approximately $245,000.
• Life Time Group reported a 14.0% increase in quarterly revenue year-over-year, totaling $761.47 million, and earnings of $0.37 EPS, exceeding analyst expectations.
• Insider trading activity has shown significant sales, including EVP Parham Javaheri selling 9,375 shares and Director John G. Danhakl offloading approximately 11.66 million shares in a recent quarter.

State of Wyoming cut its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 55.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,116 shares of the company's stock after selling 9,960 shares during the period. State of Wyoming's holdings in Life Time Group were worth $245,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Life Time Group during the fourth quarter worth approximately $307,000. Stifel Financial Corp bought a new stake in Life Time Group during the fourth quarter worth approximately $714,000. Price T Rowe Associates Inc. MD boosted its holdings in Life Time Group by 12.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,397 shares of the company's stock worth $872,000 after buying an additional 4,328 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Life Time Group by 5.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 45,689 shares of the company's stock worth $1,011,000 after buying an additional 2,391 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Life Time Group by 9.8% during the fourth quarter. Northern Trust Corp now owns 701,934 shares of the company's stock worth $15,527,000 after buying an additional 62,458 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Life Time Group news, EVP Parham Javaheri sold 9,375 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $28.05, for a total value of $262,968.75. Following the completion of the sale, the executive vice president owned 240,151 shares in the company, valued at $6,736,235.55. This represents a 3.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John G. Danhakl sold 11,655,582 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the completion of the sale, the director owned 29,898,037 shares of the company's stock, valued at approximately $878,404,327.06. The trade was a 28.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,557,530 shares of company stock worth $691,887,874. Insiders own 8.70% of the company's stock.

Life Time Group Stock Up 0.9%

Shares of NYSE:LTH opened at $27.71 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65. The company has a market cap of $6.10 billion, a PE ratio of 27.16 and a beta of 1.72. Life Time Group Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $34.99. The firm has a 50 day simple moving average of $28.71 and a 200 day simple moving average of $29.56.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. The business had revenue of $761.47 million during the quarter, compared to the consensus estimate of $752.33 million. Life Time Group had a net margin of 8.03% and a return on equity of 9.05%. The firm's quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. As a group, research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LTH shares. Wall Street Zen cut shares of Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Morgan Stanley raised their target price on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 target price for the company in a report on Friday, May 23rd. Finally, Guggenheim restated a "buy" rating and issued a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

Life Time Group Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.

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